Wednesday, May 25, 2022 | Last Update : 09:09 PM IST

  Business   Economy

Economy | The Asian Age

Centre plans to spend additional Rs.2 L crore in one year to fight inflation

India’s retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high

23 May 2022 2:12 AM

RBI to transfer Rs 30,307 cr to government

The contingency risk buffer has also been retained at 5.5 per cent

21 May 2022 12:35 AM

RBI, in surprise move, hikes key rate by 0.4 per cent, EMIs might go up

The move will lead to an increase in lending rates and make retail loans, including home loans, costly

05 May 2022 2:15 AM

Exports jump by 24% in April

Higher energy prices were one of the key factors for the higher exports

03 May 2022 11:32 PM

RBI hints at end to low interest regime in June

Central bank may shift its focus to taming inflation

23 Apr 2022 1:42 AM


Nirmala meets IMF chief; discusses impact of geopolitical situation on global growth

IMF chief highlighted India's well-targeted policy mix which helped the country's economy remain resilient even with a limited fiscal space

19 Apr 2022 11:09 AM

5 per cent GST rate may give way for 3%, 8% slabs

Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of ₹50,000 Cr annually

17 Apr 2022 9:53 PM

India's fuel sales hit 3-year high in March

Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since FY20

12 Apr 2022 4:12 AM

RBI cuts growth outlook, interest rate unchanged

Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors

08 Apr 2022 11:10 AM

India exports rise to record high of USD 418 bn in FY22

Outbound shipments touched an all-time high of USD 40 billion in a month in March 2022, Minister Piyush Goyal said

03 Apr 2022 11:50 PM


GST mopup hits ₹1.42 L cr in March

The key reasons behind such a huge mopup are continued recovery in the economy and anti-evasion drive by the GST authorities

02 Apr 2022 12:28 AM

Interest rates on small savings schemes unchanged for first quarter of FY23

The interest rate has not been revised since the first quarter of 2020-21

01 Apr 2022 1:52 AM

Lok Sabha passes Finance Bill

The Union Budget 2022-23 had proposed taxing crypto assets at the rate of 30 per cent, effective from April 1

26 Mar 2022 1:11 AM

India's GDP growth forecast cut to 7.9 per cent: Morgan Stanley

The report saw upside risks of 0.5 per cent of GDP to the fiscal deficit target of 6.4 per cent of GDP for FY23

13 Mar 2022 12:10 PM

Credit card spends, transactions decline in January

All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank

09 Mar 2022 9:45 AM


Petrol, diesel price hikes to restart from next week

International crude oil prices shot above USD 110 a barrel for the first time since mid-2014

02 Mar 2022 1:07 PM

GST collection up 18 per cent at over Rs 1.33 lakh crore in Feb

The February mop-up was impacted by the Omicron wave that swept through the country

01 Mar 2022 2:11 PM

India registers 5.4 per cent economic growth in Q3

The loss of momentum in GDP growth in the third quarter was mainly due to the waning of the favourable base effect

01 Mar 2022 6:55 AM

Oil bill to exceed $100 bn this fiscal

The country's import dependence has increased this fiscal owing to a steady decline in domestic output

28 Feb 2022 3:00 AM

Moody's ups India's growth forecast to 9.5% for 2022; flags high oil prices

Moody's said Goods and Services Tax (GST) collection, retail activity and Purchasing Managers' Index (PMI) suggest 'solid momentum'

24 Feb 2022 10:49 PM